Funding arb · Price arb /

SNDK

RWAall SNDK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0121%/8h= −13.3% APRpaid last 24h −0.069%

Price spread now: SunX against Kraken Futures−0.045%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$178as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$940.943% of the position

Long on Kraken Futures Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.841%−$84 on $10k

Price spread, last 4 days (all we have)+0.037%+$4 · spread now −0.045%, 7d avg −0.045%

Together, before fees−0.804%−$80 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.045%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SNDKUSD	1,768.5	0.0121	pay 0.0015% / 1h	8m 09s	$127K	$347K	20x
Short	SunX SNDK-USDT	1,767.7	0	get 0.0000% / 8h	2h 08m	$790	$3.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee SunXbpOrdersPrice spread, now −0.045%Rate

Funding earned: −$25.51
Price spread: −0.045% → −0.045%: $0.03
Slippage, 4 orders: −$76.27
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$119.75
Costs to cover: 0.943%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 40 min ago; SunX: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Kraken Futures live order book, 40 min ago	2.83 bp	12.2 bp −$12	36.6 bp −$366	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	28.04 bp	32.0 bp −$32	61.6 bp −$616	doesn't fit	doesn't fit

SNDK on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SNDKUSDT	−0.0284%	8h	1,768.2	−0.018%	$47.1M	$164.9M	75x	as long as short
BloFin SNDK-USDT	−0.0120%	8h	1,767.5	−0.058%	$3.9M	$4.5M	75x	as long as short
KuCoin SNDKUSDTM	−0.0029%	8h	1,767.4	−0.065%	$6.1M	$22.2M	20x	as long as short
QFEX SNDK-USD	−0.0004%	1h	1,767.7	−0.046%	$1.4M	$10.6M	10x	as long as short
Aster SNDKUSD1	0.0000%	8h	1,768.4	−0.009%	$21.6M	$33.4M	20x	as long as short
Binance SNDKUSDT	0.0000%	8h	1,768.1	−0.025%	$280.7M	$1.85B	75x	as long as short
Bybit SNDKUSDT	0.0000%	8h	1,768.3	−0.015%	$31.8M	$103.3M	100x	as long as short
OKX SNDK-USDT-SWAP	0.0000%	8h	1,768.4	−0.007%	$82.3M	$834.6M	75x	as long as short
RISEx SNDK/USDC	0.0000%	1h	1,769.3	+0.041%	$121K	$1.6M	20x	as long as short
Gate SNDK_USDT	0.0000%	8h	1,768	−0.028%	$176.6M	$231.9M	75x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SNDK	0.0000%	8h	1,767.4	−0.065%	$2.5M	$4.7M	—	as long as short
GRVT SNDK_USDT_Perp	0.0000%	8h	1,767.9	−0.037%	$16K	$1.8M	10x	as long as short
Phoenix SNDK	0.0000%	1h	1,767.4	−0.064%	$275K	$193K	15x	as long as short
Bullet SNDK-USD	0.0000%	1h	1,767.9	−0.035%	$14K	$288K	10x	as long as short
SunX SNDK-USDTshort	0.0000%	8h	1,767.7	−0.045%	$790	$3.5M	20x
Deribit SNDK_USDC-PERPETUAL	0.0000%	1h	1,768.1	−0.027%	$51K	$349K	10x	as long as short
HTX SNDK-USDT	0.0000%	8h	1,767.9	−0.038%	$1.4M	$10.6M	50x	as long as short
Phemex SNDKUSDT	0.0000%	8h	1,768	−0.032%	$2.8M	$1.1M	50x	as long as short
Nado SNDK-PERP	+0.0009%	1h	1,768.1	−0.023%	$329K	$1.5M	10x	as long as short
Vest SNDK-USD-PERP	+0.0014%	1h	1,766.3	−0.129%	—	$581K	10x	as long as short
Aftermath Perps SNDKUSD	+0.0014%	1h	1,766.3	−0.128%	$695	$37K	5x	as long as short
Pacifica SNDK	+0.0024%	1h	1,768	−0.030%	$197K	$303K	10x	as long as short
Lighter RH SNDK	+0.0032%	1h	1,768.4	−0.008%	$1.3M	$9.5M	10x	as long as short
Extended SNDK_24_5-USD	+0.0032%	1h	1,767.8	−0.043%	$444K	$2.0M	10x	as long as short
Injective SNDK/USDC PERP	+0.0033%	1h	1,800	+1.777%	$36	$9K	12x	as long as short
Arcus SNDK-USD	+0.0040%	1h	1,765.9	−0.149%	$262K	$1.4M	10x	as long as short
Popdex SNDKUSDT	+0.0048%	1h	1,768.3	−0.013%	$243K	$666K	20x	as long as short
tradeXYZ xyz:SNDK	+0.0050%	1h	1,767.9	−0.035%	$119.1M	$157.9M	10x	as long as short
Entropy io:SNDK	+0.0050%	1h	1,766.5	−0.114%	$4.7M	$19.8M	10x	as long as short
Polymarket Perps SNDK-USD	+0.0050%	1h	1,767	−0.086%	$185K	$131K	10x	as long as short
Paradex SNDK-USD-PERP	+0.0050%	8h	1,768	−0.032%	—	—	5x	as long as short
Ondo Perps SNDK-USD.P	+0.0050%	1h	1,769.8	+0.072%	$1.4M	$5.1M	5x	as long as short
Coinbase International SNDK-PERP-INTX	+0.0072%	1h	1,770.1	+0.091%	$437K	$2.3M	10x	as long as short
Lighter SNDK	+0.0080%	1h	1,769.1	+0.035%	$1.8M	$16.4M	20x	as long as short
Aevo SNDK-PERP	+0.0080%	1h	1,767.6	−0.050%	$1K	—	10x	as long as short
SoDEX SNDK-USD	+0.0083%	1h	1,768.1	−0.022%	$723K	$520K	10x	as long as short
ApeX Omni SNDKUSDT	+0.0100%	1h	1,768.4	−0.008%	$68K	$271K	50x	as long as short
Orderly PERP_SNDK_USDC_mythos	+0.0100%	8h	1,767.6	−0.051%	$8K	$3K	20x	as long as short
Kraken Futures PF_SNDKUSDlong	+0.0121%	1h	1,768.5	long leg	$127K	$347K	20x
edgeX SNDKUSDC	+0.0984%	4h	1,766.9	−0.090%	$561K	$351K	10x	as long as short